U.S. RMBS April 2025 MILN Sector Overview - DQs Marginally Down, CPR Inch Up, Losses Muted, Bond CEs Remain Strong

Morningstar DBRS published a commentary on the latest credit performance in the mortgage insurance-linked notes (MILN) sector titled "U.S. RMBS April 2025 MILN Sector Overview - DQs Marginally Down, CPR Inch Up, Losses Muted, Bond CEs Remain Strong." In this monthly commentary, Morningstar DBRS provides select deal-by-deal delinquency, collateral performance, and structure performance metrics from the most-recent reporting period, including the following:
-- The trailing three months' reference pool delinquency percentages and month-over-month changes.
-- Delinquency rates and prepayment speeds by shelf.
-- Current delinquency pipeline breakdowns.
-- Deal delinquency test statuses.
-- Latest prepayment speeds.
-- Bond credit enhancement trend and principal payment lockouts.